It's not always that simple. Often the device is inserted from the bottom and the arm platform has to clear the top of the supporting structure. The distance from the lever to the arm platform becomes a factor. On most of the ones I've seen, the arm platform isn't easily removed. I'd be reluctant to enlarge that hole. If I remember correctly there isn't much room and that arm is too nice to mess up.
You should really call Kevin at KAB. It might save you a lot of grief.